Sumitomo Chemical (OTCMKTS:SOMMY) Posts Quarterly Earnings Results

Sumitomo Chemical (OTCMKTS:SOMMY) announced its earnings results on Monday. The company reported $0.71 earnings per share (EPS) for the quarter, Zacks reports. Sumitomo Chemical had a negative net margin of 9.83% and a negative return on equity of 19.83%.

Sumitomo Chemical Stock Up 4.2 %

Shares of OTCMKTS SOMMY opened at $11.07 on Wednesday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -2.21 and a beta of 0.53. Sumitomo Chemical has a 12 month low of $9.55 and a 12 month high of $14.99. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $11.07 and a two-hundred day moving average price of $12.66.

Sumitomo Chemical Company Profile

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.